Eureka Acquisition Corp. (NASDAQ:EURK) Shares Shorted: Short Interest Down 80.7% in October

Eureka Acquisition Corp. (NASDAQ:EURK) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 72 shares, a decrease of 80.7% from the October 15th total of 373 shares. Based on an average trading volume of 761 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Eureka Acquisition Stock Performance

Shares of NASDAQ:EURK traded down $0.01 during midday trading on Thursday, hitting $11.57. 104 shares of the stock were exchanged, compared to its average volume of 459. The business’s 50-day moving average price is $11.51 and its 200 day moving average price is $11.48. Eureka Acquisition has a 12 month low of $10.80 and a 12 month high of $14.28.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Eureka Acquisition in a report on Monday, October 26th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Eureka Acquisition

A hedge fund recently raised its position in Eureka Acquisition stock. Polar Asset Management Partners Inc. boosted its holdings in shares of Eureka Acquisition Corp. (NASDAQ:EURK) by 193.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,000 shares of the company’s stock after acquiring an additional 110,000 shares during the quarter. Polar Asset Management Partners Inc. owned 3.46% of Eureka Acquisition worth $1,894,000 at the end of the most recent quarter.

Eureka Acquisition Company Profile

Eureka Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, share exchange, asset acquisition, reorganization or similar corporate combination. Unlike an operating company, Eureka Acquisition Corp. does not have a portfolio of commercial products or services and generally conducts limited business activities while it searches for a suitable acquisition target.